Friday, July 14, 2023

US chip CEOs plan Washington trip to talk China policy

The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said. It was not immediately clear whom the executives would meet.

from Tech-Economic Times
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Amazon India's 2-day sale starts today on July 15



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US appeals court refuses FTC request to pause Microsoft deal for Activision

A U.S. appeals court on Friday rejected the Federal Trade Commission's request to pause Microsoft's $69 billion purchase of "Call of Duty" maker Activision Blizzard.

from Tech-Economic Times
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Online gaming's tax troubles, and other top startup & tech stories this week

When a user wants to play a game like a fantasy sports competition or card games like rummy or poker, where they stand to win real money based on the outcome, they first deposit a contest entry amount (CEA). From this, prior to creating a pool that will be passed on to the winner, the platform deducts its fee — typically between 8-15%. This is called the gross gaming revenue (GGR).

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Slow tech spends hit IT staff’s wallets

Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies.

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Microsoft says Chinese hackers used code flaw to steal emails from government agencies

In a blog post published on Friday, the company said that Chinese hackers were able to take advantage of "a validation error in Microsoft code" to carry out their cyberespionage campaign.

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Government to invest $13 billion more in BharatNet: Ashwini Vaishnaw

The government has so far invested about $8.5 billion in the rural internet connectivity scheme that aims to provide fast broadband internet connectivity to all the six lakh villages in the country.

from Tech-Economic Times
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